Title and Escrow

As we navigate through 2023 what may happen with the housing market over the next few months in the midst of high interest rates, low inventory, and elevated home prices is still anyone’s guess. A combination of Fed rate increases, coupled with other surprising factors, like the recent bank collapses, have had a widespread impact on the real estate industry. That includes title companies, which have had fewer closings and less business as a result of the sluggish home buying landscape.

However, title companies typically manage to stay profitable, even in the midst of a tenuous housing market, and most have managed to fare better than many of the other parts of the housing industry over the last year. Still, the layoffs and job cuts that occurred across the title industry last year indicated that the current housing market landscape may be rough for some title companies to navigate. In addition, there are talent gaps in the title insurance industry that could make it even more difficult for companies to fill crucial roles in the future. 

But it’s not all tough news for the title industry in 2023. The introduction of new technology and new policy has led to a shift toward the adoption of digital closings, a trend that could change the face of the title industry in the very near future. And, there are other signs that the housing market — and, in turn, the title industry — are finding a new normal, like the recent uptick in homebuyer demand, which could help drum up more business for the title insurance industry.

With the rapid shifts occurring in the housing market, it’s important to stay on top of the latest title news coverage. To keep on track with the title insurance news you need, register for HousingWire’s weekly ClosingTime newsletter here.

Top Stories

Title and Escrow News

An unwavering commitment to protecting Americans’ property rights 

Nov 29, 2024By Richard Welshons

The housing market had a tumultuous year marked by low inventory and high interest rates that pushed prices to record levels. Prospective first-time buyers are hoping it will turn around in 2025, and although there are some predictions that they could have an easier time getting into a home, much will depend upon the economic […]

• Title insurers look to shed ‘junk fee’ image under Trump 

  Nov 22, 2024By Brooklee Han

• How the “lavish” comp and perks NAR leaders enjoy compares to other housing trade groups 

  Nov 20, 2024By Brooklee Han

• Bipartisan congressional caucus calls on FHFA to halt title waiver program 

  Nov 19, 2024By Brooklee Han

• This Cybersecurity Awareness Month, let’s spread awareness about real estate wire fraud 

  Oct 31, 2024By Diane Tomb

• Notary firm Proof is now offering a deepfake detection tool 

  Oct 24, 2024By Brooklee Han

• Dream Finders Homes to acquire Alliant National Title 

  Oct 24, 2024By Brooklee Han

• D.C. Attorney General takes action against another title firm over alleged kickbacks 

  Oct 24, 2024By Brooklee Han

• Identity theft protection company seeks inroads to reverse mortgage industry 

  Oct 23, 2024By Chris Clow

• 6 ways title companies can harness AI 

  Oct 22, 2024 7:00 amBy SoftPro

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